Sierra Wireless (SWIR) shares are getting a boost this morning from Jefferies analyst Peter Misek, who this morning raised the firm’s rating on the stock to Buy from Hold, with a new target of $12, up from $9.
“SWIR is a global leader in the non-PC connectivity market with surprisingly little competition,” he writes in a research note.� “We believe the M2M [machine-to-machine] market is likely to experience 25%+ growth over the next two years.”
SWIR is up 39 cents, or 3.7%, to $10.90.
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